Is Binarium a scam? Or a reliable broker? Trader Reviews, comments

Login to the site in the official personal account of the broker Binarium
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Register now and get USD 10000 on your demo account for free! Welcome bonus on your first deposit up to USD 1500.

Broker history

  • 2010 – Binarium Limited is registered in Cyprus.
  • 2012 – the company officially begins to provide professional services to traders.
  • 2017 – rebranding takes place: the site is updated, the platform is being improved.
  • 2020 – Binarium broker offices operate in Latvia, Ukraine, Cyprus and Saint Vincent and the Grenadines.

Licenses and regulation

The broker of binary options Binarium until 2016 was regulated by the Russian organization CROFR. As of August 2020, the company is in the process of obtaining a license from CySEC – the Cyprus Securities Commission, which officially operates throughout the EU.

 

Trading conditions and tariffs

The minimum deposit is $ 5. Other important conditions:

  • rate – from $ 1
  • yield on options – up to 90%;
  • trading instruments – currency pairs (including OTC), commodities, cryptocurrency, unique LATAM and GSMI indices;
  • expiration – from a minute to three months.

Types of options

There is one type of contracts on the platform – Higher / Lower. To make a profit on it, you need to accurately predict whether the price will rise or fall after the opening. By expiration time, the options are divided into two categories: “1-5 minutes”, “5+ minutes”.

Account types

The type of trader’s account depends on the amount of all deposits made and the turnover on the real account. The status on the official Binarium website affects the withdrawal speed, the profitability of contracts, the size of the cashback, the number of available withdrawal applications.

Binarium official website

Published training materials, analysis of strategies, economic calendar, schedule of trading sessions, asset catalog.

Registration on the site takes place in three stages:

  1. Authorization via email or social media account Facebook.
  2. Filling in personal data: name, surname, phone number.
  3. Verification – providing scans of documents. You can go later at any time.

After registration, access to the platform and the Personal Account opens.

 

Bonuses

Available offers:

  • 100% in the amount of the first replenishment of the trading account, but not more than 1500$;
  • up to 20% additionally for each deposit: the amount of the payment depends on the type of account;
  • tradeback up to 15% of the amount spent during unsuccessful trading.

Special bonuses are available from time to time, including higher payouts for new customers. The current promotional codes can be requested from the company’s support.

To withdraw the bonus, the trading volume must be 40 times the amount received. For example, if the company added an additional $ 150 when replenishing the account, then the volume of all closed transactions should be $ 6000. The tradeback is available for withdrawal after a 20-fold turnover.

When funds are withdrawn, unused bonuses are automatically debited.

 

Demo account

A demo for 1000$ is available immediately after registration without email confirmation. The virtual account is unlimited, so a trader can test the platform and his own trading methods without haste.

Platform

The broker has developed a terminal that is suitable for basic technical market analysis. Working area capabilities:

  • four options for displaying quotes: zone, candles, line, bars;
  • graphic tools for analysis: segment, ray, Fibonacci levels and Andrews’ pitchfork;
  • 10 technical indicators: moving averages, RSI, Stochastic and others;
  • display of up to four graphs on the screen.

Is Binarium a scam? Or a reliable broker? Trader Reviews, comments

 

Available indicators

The terminal contains 10 indicators for technical analysis: trend and oscillators. The user can customize their parameters to suit his strategy.

Quotes

Liquidity provider – Leverate. The company broadcasts quotes and develops platforms for more than 200 brokers. Leverate is regulated by the Cyprus National Securities Commission CySEC and operates under the European MiFID Directive.

Trading instruments

Available assets:

  • 26 currency pairs;
  • LATAM and GSMI indices;
  • four cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple:
  • gold and oil.

LATAM and GSMI are unique tools. Reflect the average movement of the Latin and world stock markets. What securities are included in the calculation is not specified. LATAM and GSMI are traded around the clock, seven days a week.

Mobile app

Binarium binary options broker has developed an application for Android devices. Trading from smartphones and tablets with other operating systems is available only from a browser.

The mobile terminal interface replicates the look and feel of the online platform. In addition to the chart, it contains a Guide for working with a broker, a Cabinet for deposits and withdrawals, and access to the Trading Room.

Is Binarium a scam? Or a reliable broker? Trader Reviews, comments

Training and analytics

Training . Categories of the training section on the site:

  • Answers to frequently asked questions;
  • indicator-based trading strategies;
  • economic calendar and schedule of sessions;
  • asset catalog.

There is no publicly available analytics on the site. However, after entering the Binarium trading platform and replenishing the account in the amount of 500$ or more, access to the Trading Room opens. It allows you to track the deals of other traders, speculate on signals, and receive exclusive bonuses.

Deposit and withdrawal

Available deposit methods:

  • Visa, MasterCard, MIR cards;
  • electronic wallets Qiwi, Webmoney, Yandex.Money;
  • online banking Alfa-Click;
  • cryptocurrencies Bitcoin, Ethereum, Litecoin, Ropple.

There is no commission for replenishment. The withdrawal is also free if the trade turnover is twice the amount of the deposit before placing the order. Otherwise, 10% is withheld.

On weekdays, withdrawal requests are processed within an hour for verified accounts. Verification is a procedure for verifying the identity of a registered trader. To pass it, you must send a photo of your passport and a document confirming the address of residence. Money from unverified accounts is withdrawn within three days.

The maximum withdrawal amount is 250$ per transaction. Several orders can be made per day, but not exceeding the limit, the conditions of which depend on the type of account. Withdrawal of larger amounts is available after contacting technical support and mandatory verification.

Broker complaints

Some clients leave negative reviews for the mobile binary options trading application from Binarium. Traders claim that the terminal periodically freezes and displays errors at startup. Technical support quickly responds to user messages, finds out the causes of problems and looks for ways to solve them.

Technical support

Support works around the clock and seven days a week. Communication methods:

  • telephone;
  • online chat;
  • email;
  • Telegram bot.

The fastest way consultants answer in the chat on the site. Average response time is 1-2 minutes even at night.

Binarium – another scam?

The broker platform has been available since 2012. Representative offices of the company are opened in Europe. The site is withdrawing money and is working to obtain a license from a reliable regulator.

 

Frequently asked Questions

🎁 How to withdraw a bonus from Binarium?
For the bonus to become available for withdrawal, the trading volume must exceed it 40 times.
🙎‍♂️ How to log in to Binarium in your Personal Account?
You can create an account on the official Binarium website in one click by logging in through accounts in social networks:  Facebook.
📞 How to contact Binarium support?
Available communication methods: online chat on the broker’s website, phone, email, bot on Telegram.
💰 What is the minimum withdrawal amount?
5$.
Do I need to go through verification immediately after registration?
Not. But you need to pass verification on Binarium before the first withdrawal of funds.
📈 How to copy trades and receive signals?
Access to the Trading Room at Binarium for copying transactions opens after a deposit of 500$ rubles or more.
🏆 Can I participate in tournaments without paying a fee?
Binarium regularly hosts free tournaments with a real prize pool of $ 1500.
💳 Can I fund my account with cryptocurrency?
Yes. The broker accepts payments from cryptocurrency wallets Bitcoin, Ethereum, Litecoin, Ripple.

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